J.P. Morgan optimistic on ‘risk’ currencies

Emerging-market currencies look set to be 2013’s best performers, according to J.P. Morgan Private Bank. Sara Yates, the bank’s global currency strategist, has forecast that investors’ rising risk appetite will drive them towards such foreign-exchange markets, which she also said she expected to be supported by economic fundamentals.
‘2013 promises to be a year of loose monetary policy and less systemic risk,’ argued Yates. ‘As market confidence grows, we expect investors to feel more comfortable in taking on a larger amount of risk in their search for yield. In other words, we look for risk-on currencies to outperform.’……………………………………….Full Article: Source